Abstract
More than ten years ago I wrote a paper with the title "The Economic Theory of Insurance" [6]. I was not particularly happy about this paper, and I do not think it contributed much to the development of a satisfactory theory. The paper did however make me--and hopefully some readers--acutely aware of the difficulties and problems which must he overcome before a proper theory can be constructed. These problems are still unsolved, so I have on the present occasion chosen a more modest title for a paper on substantially the same subject.
Volume
10:1
Page
1-13
Year
1978
Categories
Financial and Statistical Methods
Risk Pricing and Risk Evaluation Models
Utility Theory
Financial and Statistical Methods
Statistical Models and Methods
Publications
ASTIN Bulletin
